With more people making purchases from home, now is a more important time than ever to secure your business against retail security threats. More and more customers are moving to online orders with gradual growth accelerated by five years in 2020 alone. Take a look at retail cybersecurity risks and how to protect against them.
How to Protect Customer Data
One key obstacle to good retail cybersecurity in the age of e-commerce is greater complexity when it comes to customer data security. To digitize, retailers need access to data. They need customer demographics in order to refine their marketing campaigns and inventory stats to remain stocked. They also need customers’ personal and financial information in order for shoppers to seamlessly shop and pick up where they left off, whether they’re shopping on a mobile phone, a laptop or in a store.
Next, retailers need to store all of this data and use it in a meaningful way. So, they invest in cloud-based storage plans along with feature-rich web stores, updated point-of-sale (POS) terminals and/or redesigned mobile apps. These assets increase the amount of data that’s making its way…
